Bloomberg News

Petrobras Finds Oil in Pre-Salt Area in Campos Basin

February 28, 2012

Petroleo Brasileiro SA (PETR4) said it made a new oil discovery in the pre-salt area in Brazil’s Campos Basin, according to a regulatory filing today.

Petrobras said tests at the well in the BM-C-33 block indicated output of 5,000 barrels of oil and 807,000 cubic meters of gas per day, the statement said.

Repsol-Sinopec Brasil is the area’s operator, with a 35 percent stake, while Petrobras has 30 percent and Statoil has 35 percent of the project, according to the filing.

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Fabiola Moura at fdemoura@bloomberg.net


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